Biden and McCarthy's Debt Ceiling Negotiations at a Standstill
TL;DR Summary
President Biden and House Speaker Kevin McCarthy have barely spoken, dimming prospects for a debt ceiling deal. McCarthy and Republicans demand deep spending cuts be tied to any increase in the debt ceiling, while Biden has insisted on a clean debt ceiling hike not linked to any spending cuts. No meaningful negotiations are underway, and no deal is in sight. The deadline to avoid a catastrophic default, according to the Treasury Department, is June 5.
- Biden and McCarthy barely speak, dimming prospects for a debt ceiling deal NBC News
- As McCarthy laments 'no progress,' here's where U.S. debt ceiling talks stand CNBC
- McCarthy demands meeting with Biden. White House: Show us your budget. The Washington Post
- McCarthy sends letter to Biden urging more robust negotiations on the debt ceiling CNN
- McCarthy warns of ‘dire ramifications’ over Biden debt limit negotiation position The Hill
Reading Insights
Total Reads
0
Unique Readers
7
Time Saved
5 min
vs 6 min read
Condensed
93%
1,138 → 75 words
Want the full story? Read the original article
Read on NBC News